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The latest update is out from Sany Heavy Equipment International Holdings Co ( (HK:0631) ).
Sany Heavy Equipment International Holdings has signed a new 2026 Deposit Services Framework Agreement with Sanxiang Bank, a connected entity ultimately controlled by its controlling shareholder Mr. Liang Wengen, allowing the group to continue placing deposits with the bank from 31 January 2026 to 30 January 2029 on normal commercial terms. The arrangement, which qualifies as a continuing connected transaction under Hong Kong Listing Rules due to Sanxiang Bank’s shareholding structure, will be subject to reporting, announcement and annual review requirements but is exempt from independent shareholders’ approval, ensuring continuity in the company’s deposit arrangements while maintaining regulatory compliance for related-party financial transactions.
The most recent analyst rating on (HK:0631) stock is a Hold with a HK$8.00 price target. To see the full list of analyst forecasts on Sany Heavy Equipment International Holdings Co stock, see the HK:0631 Stock Forecast page.
More about Sany Heavy Equipment International Holdings Co
Sany Heavy Equipment International Holdings Company Limited is a Hong Kong-listed manufacturer within the Sany Group ecosystem, focused on heavy equipment and related industrial machinery, with operations that utilize wider group financial services as part of its treasury and liquidity management activities.
Average Trading Volume: 6,665,968
Technical Sentiment Signal: Buy
Current Market Cap: HK$30.38B
For detailed information about 0631 stock, go to TipRanks’ Stock Analysis page.